BudsGunShop.com - legal requirements for ownership

The ownership of Title II weapons is not illegal, but is heavily regulated at both the State and Federal level.[26] Numerous federal restrictions are imposed on the ownership of NFA firearms, including an extensive background check, a $200 tax on manufacture or transfer of an NFA firearm, and registration with the NFA registry. Generally, for the manufacture of NFA items, ATF Form 5320-1 must be submitted to the ATF. For the transfer of a NFA item (from a person or entity lawfully entitled to transfer it (Class 3 dealer) to yourself, or an entity (Gun Trust or LLC) then the ATF Form 5320-4 must be submitted to the ATF. There is a lower, $5 transfer tax for weapons that fit in the definition of "Any Other Weapon" (AOW). Any violation of the NFA is a felony punishable by a fine of up to $250,000 and up to 10 years in prison,[4] and any firearm involved is forfeit.

$200 tax stamp is required with this one. Your local FFL can assist you. Its mostly a waiting game.